Late last year Tetra Pak (tetrapak.com) released its seventh Dairy Index. The report reveals that global demand for milk is set to surge by 36% in the next decade, largely due to population growth, rising prosperity and urbanization in Africa, Asia and Latin America. However, milk supply and demand is imbalanced across the world – rising demand in emerging dairy markets is unlikely to be fulfilled by locally produced raw milk, while developed dairy markets producing a milk surplus face the challenges of competing for the export and responding to falling domestic consumption.
The report highlights the opportunities and challenges posed by rising global demand, which is set to overtake the available supply over the next decade.
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